Based on a 30-year fixed rate of 5.88% with 20% down. [ Change
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Property Description
$1,150,000 , Located in COLLINSVILLE. ZIP Code: 62294
Calling all Builders and Developers! This centrally located property has all kinds of potential for multi-use development! Approximately 16 acres fronts on State highway 40 or Troy Rd. where several other Commercial tracts have been developed recently. These tracts run parallel to I-55/70 w/ good visibility. Check w/ Madison County but it appears to be a good layout for 5 or 6 Two to Three acre tracts. Formosa Rd consists of approximately 1700 ft of road frontage. Public water & sewer are located on the east side of Formosa perfect for a residential development. Call for utilities maps on file from the City of Troy. Farm income approx. $18,000 per year. The home with 2 acres is for sale separately but must be purchased by the same buyer. See mls#21038785 home is w/ 2 acres for $350,000. This location is perfect for a residential development with Troy Schools as well as it's proximity to quick access to I-55/70 to Edwardsville, to St. Louis or to I-270.
Approximate lot size is 55 Acre(s) Elementary School: TRIAD DIST 2 Middle School: TRIAD DIST 2 High School: Triad
MLS#: 21038788
Listing ID: 16970
Updated:
350 days ago
Days on site:
17 days
Listing provided by
Michael Bockhorn
Re/Max Alliance
* The Estimated Payment is offered as a tool for
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Note: Broker may not have reviewed or approved
listing. All information that is provided by the listing agent/broker
is deemed reliable but it is not guaranteed and should always
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